October 8, 2013

The Hackett Group Enhances its Procurement Offerings With Category Insight Research Reports

MIAMI & LONDON, October 8, 2013 - The Hackett Group, Inc. (NASDAQ: HCKT) has announced a significant new capability as part of its services for Procurement leaders, a series of Category Insight Reports. Each report offers empirical analysis to streamline the market research and intelligence efforts of procurement professionals. Initial reports will cover an array of indirect spend areas, including: commercial printing; maintenance, repair, and operations suppliers; temporary labor; and facilities management.

The Category Insight Reports are designed to complement the operational research, advisory, procurement strategy and insights, benchmarks, consulting expertise, and other research and transformation capabilities The Hackett Group offers.

"We've developed an exceptional reputation for providing our clients with transformational insights, including performance metrics, to improve the efficiency and effectiveness of their procurement organization and other business services areas," said Global Procurement Advisory Practice Leader Chris Sawchuk. "With these new reports, The Hackett Group dramatically extends our reach in procurement. The reports, which combine both category market intelligence along with our sourcing and procurement expertise and best practices, are designed to offer procurement leaders the insight to both accelerate and improve their category sourcing and management efforts."

Each of The Hackett Group's Category Insight Reports include the following elements:

  • Category Overview - High-level overview of the market, past and projected growth rates and other relevant macro information.
  • Key Market Trends - An explanation of current trends in the industry, factors influencing those trends and potential implications.
  • Cost Structure - An overview of the industry cost structure and trends affecting change.
  • Competitive Landscape - Identifies and profiles key industry players.
  • Category Tools - Key tools to leverage when sourcing specific categories.
  • Capability Maturity Model (CMM) - A spectrum of sourcing and procurement capability maturities from lagging to leading.
  • Best Practices - Proven techniques for success in this category across transacting, sourcing, supplier management, etc.
  • Channel Design - Optimal execution options across each major activity from source to pay.
  • Additional Resources - External resources for additional category information.

Category Insight Reports are available to members of The Hackett Group's Procurement Advisory programs, and will be leveraged to enhance our sourcing and procurement transformation client engagements.

About The Hackett Group, Inc.

The Hackett Group (NASDAQ: HCKT) is an intellectual property-based strategic consultancy and leading enterprise benchmarking and best practices implementation firm to global companies. Services include business transformation, enterprise performance management, working capital management, and global business services. The Hackett Group also provides dedicated expertise in business strategy, operations, finance, human capital management, strategic sourcing, procurement, and information technology, including its award-winning Oracle EPM and SAP practices.

The Hackett Group has completed more than 11,000 benchmarking studies with major corporations and government agencies, including 93% of the Dow Jones Industrials, 86% of the Fortune 100, 87% of the DAX 30 and 52% of the FTSE 100. These studies drive its Best Practice Intelligence Center™ which includes the firm's benchmarking metrics, best practices repository, and best practice configuration guides and process flows, which enable The Hackett Group's clients and partners to achieve world-class performance.